This week on the Caixin-Sinica Business Brief: Beijing moves to stabilize coal prices in hopes of addressing shortages that have resulted in power outages and rationing; a Hong Kong real estate billionaire takes a $13 million loss in sell-off of bonds from embattled developer Kaisa; under pressure from regulators, Tencent and Alibaba begin tearing down some of the walls in their respective walled gardens; Huawei wins a big energy storage contract in Saudi Arabia; 13 people have been arrested in connection with the falsification of emissions data in Hebei; and Beijing denies reports that it has tested a nuclear-capable hypersonic missile.

In addition, we speak with Caixin Global companies reporter Manyun Zou about the crackdown on online gaming and its impact on game companies.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.